Guns
Goulet
Posts: 918
Thiry guns per ton of butter,
or equivalently gun of 1/30 ton of butter per gun.
Note that at this price,
you would find the price of butter (30 guns/ton)
greater then his marginal cost of producing butter (20 guns/ton),
and thus
be induced to specialize in the production of butter
and trade some of your butter for guns.
or equivalently gun of 1/30 ton of butter per gun.
Note that at this price,
you would find the price of butter (30 guns/ton)
greater then his marginal cost of producing butter (20 guns/ton),
and thus
be induced to specialize in the production of butter
and trade some of your butter for guns.
Post edited by Unknown User on
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